|Bid||18.05 x 1800|
|Ask||18.10 x 1200|
|Day's Range||17.72 - 18.27|
|52 Week Range||14.50 - 39.61|
|Beta (5Y Monthly)||0.75|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 02, 2022 - Mar 07, 2022|
|Forward Dividend & Yield||0.32 (1.49%)|
|Ex-Dividend Date||Sep 13, 2021|
|1y Target Est||31.80|
The S&P 500 (SNPINDEX: ^GSPC) dropped 50 points to 4,527, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was down the hardest, falling 340 points to 15,042. It's easy to conclude from the Nasdaq's big decline that tech stocks were the biggest problem on Wall Street. Below, we'll take a closer look at why Smith & Wesson Brands (NASDAQ: SWBI) and Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) found themselves near the top of the decliners' list.
On a day when many stocks are down, investors in Smith & Wesson Brands (NASDAQ: SWBI) are seeing red. Investors are clicking the sell button today in response to the fiscal second-quarter earnings report, which the company released yesterday after the market closed. Falling short of analysts' expectations that it would report revenue of $265 million and earnings per share (EPS) of $1.29, Smith & Wesson reported Q2 2022 sales and EPS of $231 million and $1.13, respectively.
Shares of Smith & Wesson Brands Inc. plummeted 29.9% in afternoon trading Friday, putting them on track for their biggest one-day selloff since March 2020. The gun maker reported after Thursday's closing bell fiscal second-quarter profit and revenue that missed expectations, demand levels declined from pandemic-related highs, and the stock ended Thursday's after-hours session with a decline of about 15%. The stock fell even further after Friday's open, after the parents who bought the gun used b